Petrox Resources Corp. announces that the letter of intent signed with Good Time Mega Trade International Limited , which was previously announced in the Corporation's press release dated January 28, 2020, has expired and has therefore terminated. The parties elected not to extend the letter of intent due to the impact on the business of Good Time [...]
PetRox Resources Ltd. is pleased to announce that it has signed a non-binding letter of intent effective January 26, 2020 with Good Time Mega International Trade Limited, a private company with limited liability organized under the laws of Hong Kong . The LOI outlines the general terms and conditions pursuant to which Petrox and Good Time would be willing to complete a transaction that would result in a reverse take-over of Petrox by the securityholders of Good Time . The Transaction, if approved, would constitute a Reverse Takeover transaction and a Change of Business under the policies of the TSX Venture Exchange and the company will continue as an Industrial Issuer under the policies of the TSXV. The Transaction is an Arm's Length Transaction . No Non-Arm's Length Parties o... [...]
Petrox Resources Corp. is pleased to announce that Petrox's shares will re-commence trading on the TSX Venture Exchange at market open on Monday, January 20, 2020. Petrox Resources Corp. Edwin Tam, President and CEO, or Alan Chan, CFO Telephone: 270 - 2290 Facsimile: 228 - 3013 Website: www.petroxresources.ca Reader Advisory Neither the TSX Venture [...]
Petrox Resources Corp. announces that the letter of intent signed with Travel Plus International LLC for a proposed transaction that would have resulted in a reverse take-over of Petrox by the securityholders of Travel Plus, which was previously announced in the Corporation's press release dated April 9, 2019, has expired and is now terminated. The [...]
Petrox Resources Corp. is pleased to announce that, further to its news release of April 9, 2019 in which Petrox announced the signing of a non-binding letter of intent on involving an arm's length transaction with Travel Plus International LLC that will result in a reverse take-over of Petrox by the security holders of Travel Plus , the deadline [...]
Petrox Resources Ltd.is pleased to announce that it has signed a non-binding letter of intent with Travel Plus International LLC. The LOI outlines the general terms and conditions pursuant to which Petrox and Travel Plus would be willing to complete a transaction that will result in a reverse take-over of Petrox by the securityholders of Travel [...]
Petrox Resources Corp. announces that it has formally terminated the Amalgamation Agreement among Petrox, True North CX Inc. and Petrox's wholly-owned subsidiary, 2123054 Alberta Ltd. The Agreement provided that Petrox and TNCX are each entitled to terminate the Agreement by notice in writing to the other party if the conditions precedent to the [...]
Petrox Resources Corp., announces that the termination date, as defined in the Amalgamation Agreement among Petrox, True North CX Inc. and Petrox's wholly-owned subsidiary, 2123054 Alberta Ltd. providing for the amalgamation of Petrox's and TNCX which was previously announced by Petrox on June 12, 2018, has passed. The Agreement provides that [...]
Petrox Resources, is pleased to announced that at the special meeting of the shareholders of Petrox held on July 10, 2018, the shareholders of Petrox approved the 5.5 to one consolidation of all of the issued and outstanding common shares of Petrox, the delisting of the common shares of Petrox from trading on the TSX Venture Exchange and have [...]
Petrox Resources announces that today it has entered into an amalgamation agreement with TrueNorth CX Inc. and a wholly-owned subsidiary of Petrox, 2123054 Alberta Ltd. Under the Amalgamation Agreement, TNCX and Petrox Subco will amalgamate to form a new corporation, which will be a wholly owned subsidiary of Petrox. The Transaction was originally [...]
Petrox Resources is pleased to announce that it has entered into a letter agreement with TrueNorth CX Inc. dated April 25, 2018 pursuant to which Petrox and TNCX intend to complete a three cornered amalgamation whereby Petrox will incorporate a new wholly owned subsidiary which will amalgamate with TNCX to form a new company. Under the terms of the [...]
Petrox Resources confirms that the amalgamation agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation previously announced in the Corporation's press release dated March 31, 2015 has expired and is now terminated. The termination of this proposed amalgamation was due [...]
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